Performance of Top 75 Taxable Bond Managed by Banks

Government and corporate mutual funds ranked by total return for 1994 (dollar amounts in millions) +++ Set 1 of 3 Rank Fund Name Bank 1 Glenmede International Fixed Glenmede Trust Company 2 Seven Seas Yield Plus Fund State Street Bank & Trust Co. 3 Benchmark Short Duration A Northern Trust Company 4 Pillar Fd-Short Investment A United Jersey Bank 5 Pillar Fd-Short Investment B United Jersey Bank 6 Dreyfus/Laurel Instl Sh-Term Bd I Mellon Bank, N.A. 7 Pacifica Asset Preservation First Interstate Bancorp 8 Vista Short Term Bond Fd Chase Manhattan, N.A. 9 One Group-Government ARM Fid Banc One Corp. 10 Marshall Short-Term Income Marshall & Ilsley Bank 11 First American-Limited Term A First Bank, N.A. 12 One Group-Government ARM Inv Banc One Corp. 13 STI Classic Sh-Term Treas Tr SunTrust Banks, Inc. 14 STI Classic Sh-Term Treas Inv SunTrust Banks, Inc. 15 Biltmore Sh-Term Fixed Inc Fd Wachovia 16 UST Master-Short Term Government U.S. Trust Corp. 17 Kent Fds-Ltd Maturity Inst Old Kent Bank & Trust 18 Kent Fds-Ltd Maturity Inv Old Kent Bank & Trust 19 Portico Fds-Short Term Bond Firstar Trust Company 20 Benchmark Short-Intermed Bond A Northern Trust Company 21 Mariner Tr-Short Term Fixed Inc Marine Midland Bank/HSBC

Holdings BV 22 Westcore Short-Term Govt Instl First Interstate Bancorp 23 Westcore Short-Term Govt Retail First Interstate Bancorp 24 First Priority Ltd Mat Govt First Alabama Bank 25 DG Investor Series-Ltd Trm Govt Deposit Guaranty Bank 26 Dreyfus/Laurel Sh-Term Bond Inv Mellon Bank, N.A. 27 Performance Fds-Short Govt Inst Trustmark National Bank 28 Seven Seas Sh-Term Govt Secs State Street Bank & Trust Co. 29 Hanover Short-Term USG Inv Chemical Bank 30 Dreyfus Short-Term Income Fund Mellon Bank, N.A. 31 Paragon Short Term Government Premier Bancorp 32 MarketWatch Flexible Income Central Fidelity Bank 33 STI Classic Sh-Term Bond Tr SunTrust Banks, Inc. 34 Performance Fds-Short Govt Cons Trustmark National Bank 35 Victory Fds-Short Term Govt KeyCorp 36 Nations Sh-Term Inc Tr A NationsBank Corp. 37 STI Classic Sh-Term Bond Inv SunTrust Banks, Inc. 38 Dreyfus 100% UST Sh-Term Fund Mellon Bank, N.A. 39 Galaxy Short Term Bond Retail Fleet Financial Group 40 AmSouth-Government Income AmSouth Bank N.A 41 One Group-Ltd Volatility Fid Banc One Corp. 42 PNC Fund-Short Term Bd Instl PNC Bank Corp 43 Nations Sh-Term Inc Inv A NationsBank Corp. 44 Compass Capital-Short Intermed Midlantic National Bank 45 Parkstone Govt Income Instl First of America 46 Nations Sh-Term Inc Inv N NationsBank Corp. 47 One Group-Ltd Volatility Inv Banc One Corp. 48 Norwest Total Return Bd Trust Norwest Bank Minnesota N.A. 49 Nations Sh-Term Inc Inv C NationsBank Corp. 50 Norwest Total Return Bd Inv A Norwest Bank Minnesota N.A. 51 PNC Fund-Short Term Bd Serv Sh PNC Bank Corp 52 PNC Fund-Short Term Bd Inv A PNC Bank Corp 53 Parkstone Govt Income Inv A First of America 54 Nations Adj Rate Govt Tr A NationsBank Corp. 55 Parkstone Limited Mat Instl First of America 56 Benchmark US Govt Securities A Northern Trust Company 57 Dreyfus Sh-Interm Govt Mellon Bank, N.A. 58 Nations Adj Rate Govt Inv A NationsBank Corp. 59 Stepstone Lmt Maturity Inst Union Bank 60 CoreFund Interm Term Bond A CoreStates Bank 61 First Prairie US Govt Interm A First National Bank of Chicago 62 Parkstone Limited Mat Inv A First of America 63 Monitor Short-Interm Fixed Huntington Bancshares 64 Stepstone Lmt Maturity Inv Union Bank 65 First Prairie US Govt Interm F First National Bank of Chicago 66 Dreyfus Investors GNMA Fund Mellon Bank, N.A. 67 CoreFund Interm Term Bond B CoreStates Bank 68 AVESTA Tr-Short-Interm US Govt Texas Commerce Bank 69 Vista Global Fixed Income A Chase Manhattan, N.A. 70 Nations Adj Rate Govt Inv C NationsBank Corp. 71 Victory Fds-Fund For Income KeyCorp 72 Nations Adj Rate Govt Inv N NationsBank Corp. 73 Sierra Tr Sh-Term Glb Govt A Great Western Financial 74 Harris Insight Managed Fixed Inc Harris Trust & Savings Bank 75 Victory Portf-Lmtd Term Income Fd KeyCorp

Bank Proprietary Taxable Bond Avg

All Taxable Bond Fund Averages

Lehman Bros Corp./Gov Bond Set 2 of 3

TOTAL RETURN THROUGH YEAREND 1994 (%)

Fund Assets Full Year Rank Fund Name Investment Objective 9/30/94 1994 1 Glenmede Intern International Bond $16.70 7.44 2 Seven Seas Yiel Corporate Bond 1425.2 4.11 3 Benchmark Short Corporate Bond 90 3.79 4 Pillar Fd-Short Corporate Bond 29.5 3.21 5 Pillar Fd-Short Corporate Bond 0.7 2.86 6 Dreyfus/Laurel Corporate Bond 7 2.85 7 Pacifica Asset Corporate Bond 102 2.38 8 Vista Short Ter Corporate Bond 34.8 2.38 9 One Group-Gover Government Mortgage-Backed 87.3 1.91 10 Marshall Short- Government Securities 98.8 1.83 11 First American- Corporate Bond 9.5 1.79 12 One Group-Gover Government Mortgage-Backed 17.5 1.62 13 STI Classic Sh- Government Securities 6.2 1.41 14 STI Classic Sh- Government Securities 5.3 1.28 15 Biltmore Sh-Ter Corporate Bond 149.5 1.17 16 UST Master-Shor Government Securities 26.2 1.06 17 Kent Fds-Ltd Ma Corporate Bond 1.4 1.03 18 Kent Fds-Ltd Ma Corporate Bond 176.2 1.01 19 Portico Fds-Sho Corporate Bond 125.4 0.93 20 Benchmark Short Corporate Bond 98.9 0.9 21 Mariner Tr-Shor Corporate Bond 17.9 0.82 22 Westcore Short- Government Securities 41.5 0.67 23 Westcore Short- Government Securities 11.1 0.49 24 First Priority Government Securities 49.1 0.3 25 DG Investor Ser Government Securities 106.2 0.26 26 Dreyfus/Laurel Corporate Bond 4.2 0.23 27 Performance Fds Government Securities 107.5 0.15 28 Seven Seas Sh-T Government Securities 25.4 0.13 29 Hanover Short-T Government Securities 21.7 0.11 30 Dreyfus Short-T Corporate Bond 250.9 0.11 31 Paragon Short T Government Securities 150 0 32 MarketWatch Fle Corporate Bond 22.9 -0.07 33 STI Classic Sh- Corporate Bond 49.3 -0.07 34 Performance Fds Government Securities 0.8 -0.11 35 Victory Fds-Sho Government Securities 36.1 -0.13 36 Nations Sh-Term Corporate Bond 185 -0.27 37 STI Classic Sh- Corporate Bond 2.8 -0.33 38 Dreyfus 100% US Government Securities 187.9 -0.36 39 Galaxy Short Te Corporate Bond 77.4 -0.36 40 AmSouth-Governm Government Mortgage-Backed 15.2 -0.38 41 One Group-Ltd V Corporate Bond 428.9 -0.43 42 PNC Fund-Short Corporate Bond 17.6 -0.44 43 Nations Sh-Term Corporate Bond 2.7 -0.48 44 Compass Capital Corporate Bond 216 -0.52 45 Parkstone Govt Government Mortgage-Backed 103.6 -0.55 46 Nations Sh-Term Corporate Bond 20.1 -0.62 47 One Group-Ltd V Corporate Bond 13.6 -0.64 48 Norwest Total R Government Securities 17.4 -0.65 49 Nations Sh-Term Corporate Bond 9.9 -0.65 50 Norwest Total R Government Securities 0.3 -0.67 51 PNC Fund-Short Corporate Bond 6.2 -0.69 52 PNC Fund-Short Corporate Bond 0.3 -0.69 53 Parkstone Govt Government Mortgage-Backed 52 -0.7 54 Nations Adj Rat Government Mortgage-Backed 44.8 -0.71 55 Parkstone Limit Corporate Bond 155.1 -0.72 56 Benchmark US Go Government Securities 29.3 -0.74 57 Dreyfus Sh-Inte Government Securities 535 -0.75 58 Nations Adj Rat Government Mortgage-Backed 11.2 -0.89 59 Stepstone Lmt M Government Securities 33.9 -0.91 60 CoreFund Interm Corporate Bond 52.2 -0.93 61 First Prairie U Government Securities 0.1 -0.95 62 Parkstone Limit Corporate Bond 24 -0.96 63 Monitor Short-I Corporate Bond 127 -0.98 64 Stepstone Lmt M Government Securities 1.5 -1.02 65 First Prairie U Government Securities 4.6 -1.06 66 Dreyfus Investo Government Mortgage-Backed 45.5 -1.06 67 CoreFund Interm Corporate Bond 9.3 -1.08 68 AVESTA Tr-Short Government Securities 22.2 -1.1 69 Vista Global Fi International Bond 1.5 -1.12 70 Nations Adj Rat Government Mortgage-Backed 2.9 -1.16 71 Victory Fds-Fun Corporate Bond 30.7 -1.17 72 Nations Adj Rat Government Mortgage-Backed 5.1 -1.2 73 Sierra Tr Sh-Te International Bond 192.6 -1.21 74 Harris Insight Corporate Bond 42.7 -1.29 75 Victory Portf-L Corporate Bond 83.4 -1.29

Bank Proprietar $87.90 -3.04

All Taxable Bon $242.60 -3.57

Lehman Bros Cor -3.51 Set 3 of 3

4th Quarter Latest Latest Latest Rank Fund Name 1994 3 years 5 Years 10 Years 1 Glenmede Intern 1.06 2 Seven Seas Yiel 1.22 3 Benchmark Short 1.08 4 Pillar Fd-Short 1.09 5 Pillar Fd-Short 1.03 6 Dreyfus/Laurel 0.96 7 Pacifica Asset 0.47 3.87 8 Vista Short Ter 0.77 3.98 9 One Group-Gover 0.6 10 Marshall Short- 0.49 11 First American- 0.26 12 One Group-Gover 0.5 13 STI Classic Sh- 0.23 14 STI Classic Sh- 0.21 15 Biltmore Sh-Ter 0.33 16 UST Master-Shor 0.14 17 Kent Fds-Ltd Ma 0.21 18 Kent Fds-Ltd Ma 0.21 19 Portico Fds-Sho 0.25 4.71 7 20 Benchmark Short 0.3 21 Mariner Tr-Shor 0.13 22 Westcore Short- 0.04 3.72 6.51 23 Westcore Short- 0.02 3.65 6.47 24 First Priority 0.4 25 DG Investor Ser 0.22 26 Dreyfus/Laurel 0.71 3.04 6.11 27 Performance Fds -0.13 28 Seven Seas Sh-T -0.11 29 Hanover Short-T 0.14 30 Dreyfus Short-T 0.41 31 Paragon Short T 0.19 3.63 32 MarketWatch Fle 0.61 33 STI Classic Sh- 0.05 34 Performance Fds -0.19 35 Victory Fds-Sho 0.32 36 Nations Sh-Term 0.03 37 STI Classic Sh- 0.01 38 Dreyfus 100% US -0.18 4.5 6.48 39 Galaxy Short Te 0.36 40 AmSouth-Governm 0.1 41 One Group-Ltd V 0.03 4.13 42 PNC Fund-Short -0.04 43 Nations Sh-Term -0.03 44 Compass Capital 0.07 4.26 6.39 45 Parkstone Govt 0.21 46 Nations Sh-Term -0.06 47 One Group-Ltd V -0.04 48 Norwest Total R 0.58 49 Nations Sh-Term -0.07 50 Norwest Total R 0.58 51 PNC Fund-Short -0.1 52 PNC Fund-Short -0.1 53 Parkstone Govt 0.14 54 Nations Adj Rat -0.22 55 Parkstone Limit -0.09 3.92 6.33 56 Benchmark US Go -0.16 57 Dreyfus Sh-Inte -0.28 4.47 7.32 58 Nations Adj Rat -0.27 59 Stepstone Lmt M -0.18 60 CoreFund Interm 0.29 61 First Prairie U 0.23 62 Parkstone Limit -0.06 3.85 6.29 63 Monitor Short-I -0.06 4 6.83 64 Stepstone Lmt M -0.29 65 First Prairie U 0.36 66 Dreyfus Investo 0.37 4.81 7.21 67 CoreFund Interm 0.23 68 AVESTA Tr-Short -0.2 69 Vista Global Fi 0.48 70 Nations Adj Rat -0.31 71 Victory Fds-Fun -0.44 2.67 6.65 72 Nations Adj Rat -0.34 73 Sierra Tr Sh-Te -0.96 74 Harris Insight 0.5 4.53 75 Victory Portf-L -0.36 3.36 5.99

Bank Proprietar -0.01 3.86 6.87 8.85

All Taxable Bon -0.39 4.35 7.31 9.08

Lehman Bros Cor 0.37 4.85 7.7 9.84 ===

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